Asia-Pacific markets rebound on revived Fed cut hopes

Hong Kong Spreephoto.de | Moment | Getty Images Asia-Pacific markets started the week higher after the New York Federal Reserve President signaled that a third rate cut could happen this year. On Friday, New York Federal Reserve President John Williams suggested the Fed could lower its key interest rate from here as labor market weakness poses a…

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D.C. pipe bomb suspect faces 2 new charges

The man accused of planting two pipe bombs outside the Democratic and Republican National Committee offices on the eve of the Capitol attack on January 6, 2021, has been charged with two new felony charges, according to a court filing made public Wednesday. Brian Cole Jr. was charged with attempting to use weapons of mass…

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What the change means for consumers

President Donald Trump has picked Kevin Warsh to succeed Jerome Powell as chair of the Federal Reserve. In keeping with the president’s push for lower interest rates, Warsh is expected to be more supportive of cutting the Fed’s key benchmark rate later this year. “I have known Kevin for a long period of time, and have no doubt…

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Nvidia Blackwell, Google TPUs, AWS Trainium: Comparing top AI chips

Nvidia outperformed all expectations, reporting soaring profits Wednesday thanks to its graphics processing units that excel at AI workloads. But more categories of AI chips are gaining ground. Custom ASICs, or application-specific integrated circuits, are now being designed by all the major hyperscalers, from Google’s TPU to Amazon’s Trainium and OpenAI’s plans with Broadcom. These…

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